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Optimal Allocation of Reservoir Water

Author

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  • Debnath, Deepayan
  • Stoecker, Arthur L.
  • Boyer, Tracy A.
  • Sanders, Larry D.

Abstract

The purpose of this paper is to determine the optimal allocation of reservoir water among consumptive and non-consumptive uses. A non-linear mathematical programming model is developed to optimally allocate Lake Tenkiller water among competing uses that maximize the net social benefit. A mass balance is used to determine the level and volume of water in the lake. This paper examines the effect of water management on lake resources when recreational values are and are not included as control variables in the optimization process. Results show that maintaining the lake level to the ‘normal lake level’ of 632 feet during the summer months generates more recreational benefit rather than reducing the lake level by releasing water for hydro power generation.

Suggested Citation

  • Debnath, Deepayan & Stoecker, Arthur L. & Boyer, Tracy A. & Sanders, Larry D., 2009. "Optimal Allocation of Reservoir Water," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46842, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeana:46842
    DOI: 10.22004/ag.econ.46842
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    Cited by:

    1. Debnath, Deepayan & Stoecker, Arthur L. & Boyer, Tracy A. & Sanders, Larry D., 2011. "Integrated Reservoir Management under Stochastic Conditions," 2011 Annual Meeting, June 29-July 1, 2011, Banff, Alberta,Canada 108178, Western Agricultural Economics Association.

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    Resource /Energy Economics and Policy;

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